Rupee fall: What the government, RBI plan to do

"If there is dollar refinancing, exporters will get cheaper loans as the interest rate will be linked to the Libor and not the base rate," said a senior banker.

On Friday, the rupee fell the most in nine months and closed at 57.16 a dollar. Expectations are high after Finance Minister Pranab Mukherjee said on Saturday some steps would be announced on Monday to improve the market sentiment.

The market wish-list includes a rise in interest rate on some non-resident deposit schemes, the opening of a special window for oil companies to buy dollars and a cut in government spending.